FairFX has announced the launch of its new global business current account aimed at SMEs.
The Fair Everywhere business account will bring together the e-banking and payments group’s expertise in international payments with services designed to make global business banking easier, faster and cheaper.
The Fair Everywhere account will allow customers to:
- manage all day-to-day business banking and international money transfers in one current account with balances in sterling, euros and US dollars
- access highly competitive foreign exchange rates on cross-border transfers, helping businesses' bottom line performance
- rely on dedicated customer service with unlimited access to a UK-based customer support team Monday to Saturday
- transact in over 210 countries worldwide with a chip and PIN secure Mastercard debit card
- fit your banking around you with the Fair Everywhere mobile app
- receive 3.5% cashback rewards from over 50 UK high street retailers simply for doing business as usual
- automate bill payments through direct debits or standing orders directly from their account.
The account will initially only be available to 1,000 customers, with existing FairFX business customers offered priority access, while other businesses can sign up to join a waiting list.
Ian Strafford-Taylor, CEO at FairFX (pictured above), said the account was for businesses that did not see barriers in borders.
“We've brought together the best of both our banking and currency platforms and kept it simple with a straightforward, all-inclusive price of £50 per month for an account that has been designed entirely to make it easier and cheaper for customers to manage their day-to-day finances.
"We know that most SMEs are not limited by their ambitions and as such they should not be limited by working with banks that penalise them with extortionate fees, complex pricing structures and poor service."
Ian added that it would be launching additional subscription tiers for businesses turning over different amounts and introducing a pay-as-you-go pricing option very quickly.
"With Fair Everywhere, we have taken our winning formula of combining market-leading value with quality service standards and applied it to the underserved SME banking market.
“This international business account makes it easy for SMEs to manage their day-to-day finances as well as their international payments at exchange rates that are what we believe to be the fairest around and all from a single account.
"The Fair Everywhere cards will also be issued by the FairFX Group after the group became a principal member of Mastercard in 2017, which gives us even more control over our supply chain to enhance the product and customer experience.
"This launch is a big step for FairFX towards building out our banking and payments offering, and we're excited about growing with our customers."
SIGN UP TO OUR NEWSLETTER TO RECEIVE MORE NEWS LIKE THIS STORY
Rob Lankey to join Shawbrook as director of commercial investment
Shawbrook has announced that Rob Lankey (pictured above) will join as its new director of commercial investment at the end of February...
Secure Trust Bank ceases new mortgage lending
Secure Trust Bank has revealed that it has ceased new mortgage lending...
Starling Bank announces three new partnerships
Starling Bank has expanded its banking services offering with the introduction of three new partners...
Mortgage advisers forecast almost no growth in business levels in Q1
Mortgage advisers expect business growth of only 0.1% in in Q1 2019, according to recent research...
Fidor partners with Finn AI to launch AI-powered chatbot for banks
Digital banking group Fidor has partnered with banking technology provider Finn AI to launch a new AI-powered chatbot for banks...
Tesco Bank cuts mortgage rates
Tesco Bank has reduced rates across its residential mortgage range...
Zopa appoints new chairman
Zopa Group has appointed Gordon McCallum (pictured above) as its new non-executive chairman, while Giles Andrews will step back from his group chairman role, but remain on the board...
Starling Bank raises £75m to fund global expansion
Starling Bank has raised a total of £75m to fund its global expansion, which is due to start in Europe...
Redwood Bank names new director
Redwood Bank has appointed Leon Marklew (pictured above) as its new director of strategy, products and marketing...
Banks need to unite to redefine their social purpose
We are currently seeing a shift in momentum in how people view the role of the banking sector. We have seen non-governmental organisations and customers campaigning for banks to play a role in the move towards a more sustainable world...
Aldermore offers free standard valuations on high LTV purchase-only range
Aldermore is now offering free standard valuations on its high LTV purchase-only products, with no product fees...